Subject: File No. S7-24-15
From: Roy Sowers

February 20, 2020

I would not wish to lose the availability to trade inverse funds. I purchased SEF in the downturn in late 2018, and it performed very well for me.

I am not an options trader, and an inverse fund allows me to invest in both up and down markets. Otherwise, I would simply be forced out of the market during downturns.

As a potential hedge concerning the Coronavirus, I recently acquired another small position in SEF.

I request that you do not hinder trading in inverse funds.